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OR FAX FORM ON PAGE 81 TO 503-242-1814
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PUBLISHED RESERVE:
$175,000
SIZE:
9,955± Square Feet
ZONING:
RC – Retail Commercial (Tax Lot 2800)
and MDRL – Medium Density (Tax Lot 3000)
FINANCING:
Subject to Seller’s approval of
Purchaser’s Credit: A 30% down payment with the
balance secured by a first deed of trust, amortized over
20 years at 6% interest, calling for monthly payments
of principal and interest; all due and payable at end of
3 years.
DESCRIPTION:
This 9,955± square foot site consists of two
tax lots located along SW First Street, between Pine and Oak
Streets, in Sherwood Old Town.
The revitalization of Sherwood Old Town is well underway, with renovation and new construction that includes
Cannery Square Plaza, and 101 unit residences at the Cannery Square, scheduled to be completed soon by
Capstone Partners. Both the nearby McCormick Condominiums on SW Main Street, and Old Town Sherwood
Condominiums on SW First Street, are new, mixed-use developments, with retail and housing built between
2004 and 2008.
The existing RC zoning will allow development of a mixed-use building in tax lot 2800, which contains 5,663±
square feet. A preliminary concept plan with a total of eight apartments over ground-floor commercial has been
discussed with the city of Sherwood. A single family residence with home office would be allowed on tax lot
3000, which contains 4,792± square feet and is currently zoned MDRL. The city of Sherwood is supportive of a
re-zoning of tax lot 3000.
Mixed-Use Development Site near Sherwood Old Town
Sherwood, Oregon
The Residences at
Cannery Square
(To be built)
City Hall
SW Pine St.
SW Oak St.
SW 1st St.
N
Please Note: Sketch plan is conceptual only. Neither the
Seller nor its agents have submitted plan or made any
applications to a public agency.
